Citizens Whistle Blowers Forum Seeks Time-Bound Action, Freezing of Bank Accounts and FIR Against PricewaterhouseCoopers
Delhi-based Citizens Whistle Blowers Forum (CWBF), headed by Justice AP Shah, has reiterated its demand for time bound action by government authorities against PricewaterhouseCoopers India Pvt Ltd (PwC) for allegedly posing threat to national interests.  
 
In a letter sent to Prime Minister Narendra Modi and the Finance Minister, the former chief justice of Delhi High Court, has requested time bound action by all authorities, freezing of all banks accounts of PwC and registering first information report (FIR) against all partners and directors of the audit firm. 
 
"Given the reluctance of various authorities to take stern action against PwC for the blatant violations of extant laws and regulations and to ensure that public confidence is not eroded in the rule of law, we request you to urgently issue necessary instructions to ensure that the pending investigations by all the authorities are completed within 45 days, bank account of all PwC entities in India and of their partners are immediately frozen to ensure recovery of taxes, penalties and fines on account of funds illegally brought in to India and FIRs are registered forthwith against partners and directors of PwC found guilty of various violations including criminal acts as already established by ministry of corporate affairs (MCA) and registrar of companies (ROC)," the letter says. 
 
In the letter, Justice Shah also pointed out how CWBF’s writings were vindicated by the Supreme Court judgement on 23 February 2018. He says, “The SC found PwC prima-facie guilty of various offences highlighted by us earlier and expressed concern over the reluctance of various authorities to investigate them. The SC directed the enforcement directorate (ED), Institute of Charted Accountants of India (ICAI) and Union of India (UOI) to complete their investigation in PwC within specified timeframe and suggest steps for effective enforcement thereof by the multi-national accounting firms in general.
 
“The vindication of our findings by the SC underlines significant contributions that whistle blowers can make in fighting corruption, highlighting tax evasion, reporting black money and money laundering. Meaningful utilisation of such resources by the government can help it to enforce the laws effectively, save considerable time and expense, which otherwise be spent by law enforcement agencies and help enhance corporate governance in general. This was recently demonstrated in the high profile case involving ICICI Bank. A whistleblower's complaint with specific inputs to the Prime Minister's Office (PMO) has helped ED, Central Bureau of Investigation (CBI) and other agencies to swiftly and effectively launch their investigations in the said case.” 
 
"Regretfully, let alone complete their investigations in an objective and transparent manner within the time frame allowed, some authorities are yet to start the process and are only indulging in 'passing the buck'," CWBF added. 
 
In July 2017, the Forum has request the PM and finance minister to take immediate action against PwC, which was found guilty of criminal acts by the Serious Frauds Investigation Office (SFIO) and by the Special CBI Court. (Read: Citizens Whistle Blowers Forum requests action against PricewaterhouseCoopers)    
 
The Forum is headed by Justice Shah, with Senior Advocate Prashant Bhushan as its member secretary. Other members of the Forum include Prof Aruna Roy, former Finance Secretary EAS Sarma, Prof Jagdeep Chhokar, Admiral Lara Ramdas and Wajahat Habibullah, former Chief Election Commissioner. 
 
Here is the letter sent by Justice AP Shah on behalf of CWBF…
 
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COMMENTS

nilesh prabhu

2 days ago

Injeti Srinivas was investigated by cvc when he was Secretary ministry of sports. He himself has protected fraudsters when he was DG Sports Authority of India.

AAR

5 days ago

1. US Audit firms are allowed to function in India but Indian Audit firms cannot work in US.
2. When US companies enter Indian market, they bring their auditors along with them -PwC, KPMG, Deloitte, EY.
3. These firm's primary interest is to protect American interest.
4. As long as India is dependent on America for their defence and trade needs, India will not work contrary to American interest.

SC seeks EC's response over opposition plea on EVMs
The Supreme Court sought the Election Commission's (EC) response on a plea by the 21 opposition parties seeking the audit of at least 50% of EVMs with corresponding Voter Verifiable Paper Audit Trails (VVPATs).
 
Issuing the notice to the EC, the bench of Chief Justice Ranjan Gogoi, Justice Deepak Gupta and Justice Sanjiv Khanna directed the the election panel to depute an officer to assist the court on the next hearing of the matter on March 25. 
 
The plea was filed by the been filed by Andhra Pradesh Chief Minister N. Chandrababu Naidu (TDP), Sharad Pawar (NCP), Farooq Abdullah (NC), Sharad Yadav (LJD), Arvind Kejriwal (AAP), Akhilesh Yadav (SP), Derek O'Brien (TMC) and M.K. Stalin (DMK).
 
In the plea, they requested the court that 50% of results of electronic voting machines (EVMs) must be matched and cross-checked with VVPATs before the declaration of results in the general elections.
 
Earlier in February, the opposition parties approached the EC to audit at least 50% of EVMs with corresponding VVPATs in all constituencies during the Lok Sabha polls.
 
The parties have said there are "serious doubts about the credibility of EVMs and the purity of the entire electoral process" and asked the EC to mandate physical countercheck of paper trail and match it with the electronic vote in at least 50% of all EVMs, if not all.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Mumbai bridge crash: 6 dead; BMC-Railways face heat
Six people have been reported dead and 32 injured in the past 12 hours since a portion of an overhead pedestrian bridge outside the Chhatrapati Shivaji Maharaj Terminus came crashing down here.
 
Police registered cases against Brihanmumbai Municipal Corporation (BMC) and Indian Railway officials charging them with culpable homicide.
 
Maharashtra Chief Minister Devendra Fadnavis has announced Rs 5 lakh ex gratia each to the kin of deceased and Rs 50,000 to the injured. He has also ordered a high level probe into the Thursday's incident.
 
Railways, senior police officials, National Disaster Response Force (NDRF) and BMC teams were overseeing operations on Friday. 
 
This was the third footbridge collapse in the city in the last 18 months -- occurred around 7.35 p.m. as the bridge was reportedly overloaded with commuters hurrying to their homes, the BMC Disaster Control said.
 
The victims identified so far include three women -- Apoorva Prabhu, 35, Ranjana Tambe, 40, and Bhakti Shinde, 40. The two men dead are Zahid Siraj Khan, 32 and Tapendra Singh, 35.
 
Connecting the CSMT's suburban platform No. 1 with the B.T. Lane near The Times of India Building and the Anjuman-e-Islam School, it was used by thousands of daily commuters rushing to catch the local trains on Central Railway and the Harbour Line.
 
Though debris have been cleared, traffic restriction on D.N. Road continues, a traffic official said. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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